What is TST coin? Why the sudden surge

TST Coin: An unexpected meme coin craze

TST Token was originally just a test token used by the BNB Chain team for teaching demonstrations, but due to a series of unexpected events, it became a highly anticipated meme coin in the cryptocurrency market. It is based on the BEP-20 standard and runs on Binance Smart Chain (BSC).

What is the reason for the recent surge in price?

The amazing rise of TST coins is mainly due to the following factors:

• Information misreading and market hype: The meme coin creation teaching video released by BNB Chain accidentally leaked the token name and contract address of TST, causing market misreading and hype. Many investors mistakenly thought this was a project officially supported by BNB Chain.

• CZ's "Accidental" boost: Binance founder CZ issued a clarification statement on X platform (formerly Twitter). Although he denied that TST was an official project, it came with a contract address, which inadvertently further stimulated community interest and led to a surge in prices in a short period of time.

• KOL effect and community promotion: The active publicity and hype of Chinese cryptocurrency KOL has attracted a large number of investors to influx.

• Market sentiment and speculative behavior: The cryptocurrency market is extremely sensitive to emerging tokens, especially tokens related to well-known figures or events. TST's unexpected exposure and CZ's remarks directly ignited the market's speculation enthusiasm.

• Liquidity and Market Depth: TST quickly accumulated enough liquidity on decentralized trading platforms (such as PancakeSwap), providing convenience for price increases.

• Short-term high return expectations: Many investors pursue short-term high returns, resulting in large-scale buying.

However, beware of the high-risk attributes of meme coins. The price of meme coins fluctuates violently, mainly driven by speculation and market sentiment, and lacks actual technical or commercial value support. The surge in TST may be difficult to sustain, and investors need to carefully evaluate risks and invest rationally.

The above is the detailed content of What is TST coin? Why the sudden surge. For more information, please follow other related articles on the PHP Chinese website!